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    RNO   FR0000131906

RENAULT

(RNO)
  Report
Real-time Euronext Paris  -  11:35 2022-09-29 am EDT
27.37 EUR   -7.06%
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Piastri to replace Alonso at Alpine

08/02/2022 | 01:27pm EDT

Madrid, Aug 2 (EFE).- Oscar Piastri will replace Fernando Alonso at Alpine when the Spanish driver moves to Aston Martin next season.

"After four years as part of the Renault and Alpine family, Reserve Driver Oscar Piastri is promoted to a race seat alongside Esteban Ocon starting from 2023," Alpine said in a statement on Twitter on Tuesday.

The Australian, who claimed the Formula 2 title in 2021, replaces two-time world champion Alonso, who announced on Monday that he would be joining Aston Martin at the beginning of the new season.

The Spaniard will take over from four-time world champion Sebastian Vettel, who announced his own plans to retire by the season's end. EFE

© 2022 EFE News Services (U.S.) Inc., source EFE Ingles

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Analyst Recommendations on RENAULT
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Financials
Sales 2022 45 187 M 44 136 M 44 136 M
Net income 2022 -382 M -373 M -373 M
Net cash 2022 165 M 161 M 161 M
P/E ratio 2022 -20,4x
Yield 2022 0,41%
Capitalization 7 438 M 7 265 M 7 265 M
EV / Sales 2022 0,16x
EV / Sales 2023 0,11x
Nbr of Employees 160 000
Free-Float 63,7%
Chart RENAULT
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Technical analysis trends RENAULT
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 27,37 €
Average target price 39,40 €
Spread / Average Target 44,0%
EPS Revisions
Managers and Directors
Luca de Meo Chief Executive Officer
Thierry Pieton Deputy Chief Financial Officer & Senior VP
Jean-Dominique Senard Chairman
Luc Julia Chief Scientific Officer
Frédéric Vincent Chief Information Officer
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